Social Advancement Group Inc

Analysis

Social Advancement Group Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2022, Social Advancement Group Inc reported income of $457k and spending of $199k, leaving 56% of income unspent that year. Across the 2 years on record, from May 2020 to May 2022, income grew from $195k to $457k (+135%), an average of +135% a year. The sharpest change came in the year to May 2022, when income rose by 135%. Over the whole period it spent 34% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Social Advancement Group Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Americans for Democracy & Human Rights in Bahrain Inc ($457k), Borderland Rainbow Center ($457k) and National Mobilization Against Sweatshops ($456k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (35% of expenses). At year end it held assets of $16k against liabilities of $0, net assets of $16k.